Prime Student Housing Near USC

Greater Downtown Los Angeles consists of the Downtown, Mid- Wilshire and Hollywood submarkets. The continued revitalization of the market will boost population gains. The population base of 822,000 people will expand as more than 11,000 citizens are added over the next five years, filling new residential projects. Downtown houses numerous corporations, retail and entertainment venues that draw commuters into the city daily.

DOWNTOWN RENAISSANCE
The downtown area is undergoing a major renaissance due to the light rail and mixed-use projects such as L.A. Live attracting businesses and residents.

RAPID HOUSEHOLD GROWTH
Household formation will increase briskly during the next five years with the addition of 12,100 households.

ROBUST HEALTH SECTOR
Healthcare provides a large number of jobs in the downtown area, employing thousands of workers and supported by public healthcare initiatives.

ECONOMY
 Major employers in the market include Farmers Insurance, Kaiser Permanente, Paramount Pictures, Deloitte, Ernst & Young, University of Southern California and Transamerica Insurance.  Building conversions and mixed-use developments that include housing are bringing residents back into the area. Young, urban professionals desiring shorter commutes and downsizing households seeking to live near amenities are absorbing these units.  A well-educated population provides companies with a skilled workforce. Roughly 38 percent of people age 25 and older hold a bachelor’s degree; among those residents, 11 percent also have earned a graduate or professional degree.